Apollo Global Management (NYSE:APO) Rating Increased to Hold at UBS Group

Apollo Global Management (NYSE:APO - Get Free Report) was upgraded by research analysts at UBS Group to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on the company. TD Cowen increased their target price on Apollo Global Management from $165.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a "buy" rating and a $153.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $159.00 to $168.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.83.

Apollo Global Management Stock Performance

NYSE:APO traded down $0.68 during mid-day trading on Wednesday, hitting $163.63. 2,518,754 shares of the stock were exchanged, compared to its average volume of 2,654,960. The firm's 50-day simple moving average is $136.34 and its 200 day simple moving average is $122.15. The stock has a market capitalization of $93.19 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. Apollo Global Management has a fifty-two week low of $85.84 and a fifty-two week high of $168.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Chicago Capital LLC raised its position in Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after buying an additional 69 shares during the last quarter. Menard Financial Group LLC grew its holdings in shares of Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC increased its position in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 77 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after acquiring an additional 90 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.